South Africa's Pravin Gordhan named third finance minister in week

On Wednesday, the president sacked Nhlanhla Nene in a move that sent the rand to record lows and sparked a sell-off in bank shares.

His replacement for less than a week, Mr van Rooyen, is a little-known MP.

The latest move sent the rand up almost 5% on Sunday night.

Mr Gordhan was widely respected when he served as South Africa's finance minister from 2009 until 2014.

'Russian roulette'

Breaking News: Workers protest against Chinese Construction firm in Lagos

Workers of the Chinese Construction giant, Chinese Civil Engineering and Construction Corporation, CCECC,  who handled the reconstruction of the Mile 12-Ikorodu road are protesting  what they called the unlawful sack by the company.

Drama, as Abba stalls handover for hours, 3 DIGs protest Arase’s appointment

ABUJA — There was confusion and drama at the Force Headquarters in Abuja, yesterday, as the sacked Inspector-General of Police, Mr Suleiman Abba, stalled the formal handover to his successor, Mr Solomon Arase, until he was compelled to do so by the Presidency.

This came as some former Inspectors-General of Police expressed reservations over the manner Abba was removed while other leaders were divided over the sack.

 

The handover ceremony which was earlier slated for 8 a.m. with invitations sent to journalists for coverage from the office of the Force Public Relations Officer, did not take place until almost 4pm following the absence of the ex-Police boss at the headquarters.